Fund Profile

Focus

Investments in the equity and bond markets of the Latin American Continent. A minimum of 60% of the sub-fund’s net assets will be invested in quoted equities and equity related securities. The sub-fund may also invest in fixed income securities, money market instruments and warrants.

Objective

Long-term capital growth in USD

Suitability

For investors with experience of investing in capital markets, for investors interested in specialised capital markets, who are aware of the chances and risks with investments into Emerging Markets and more particularly in the Latin America region and for investors who are looking for an absolute return within a equity product.

Risk analysis (3Y p.a. USD)

Performance chart*

The data shown represents the actual performance of the WIOF Latin American Performance Fund - Class B Sub-fund as of the date 24.3.2010. Performance shown does not take account of any fees and costs associated with subscribing or redeeming shares. It is assumed that all dividends were reinvested. The value of shares and the return they generate can go down as well as up. Changes in market conditions and exchange rates can cause a drop or an increase in the share value. Past performance does not guarantee the same results in the future. The benchmark is stated for comparison´s sake only. It represents MSCI Latin America.

Top Ten Holdings

31.12.2018

Holdings

%

Itau Unibanco Hg SA

9.44

Grupo Financiero Banorte SAB de CV

8.89

Brasil Foods SA

7.57

Cia de Aviacion SAB de CV

6.73

Grupo Financiero Galicia SA

6.26

Localiza Rent A Car SA

4.84

Randon SA Implementos e Participacoes

4.83

Companhia Brasileira de Distribuicao

4.72

Credicorp Ltd

4.65

Arcos Dorados Holdings Inc

4.56

Investment manager

Casa4Funds S.A.

Investment advisor

INCA Investments
INCA Investments, LLC („INCA“) is an independent fund management company solely focused on the markets of Latin America. The company was established in 2004 and is a Registered Investment Advisor with the Securities Exchange Commission of the United States. INCA is located in Miami, Florida, which is widely considered to be the business hub for Latin America and provides the company with a strategic location for monitoring the various markets of the region. The investment team of INCA is comprised of a group of dedicated Latin American investment professionals. The senior investment staff has been investing in the Latin American markets since the early 1990’s and are supported by a group of analysts, who are specialists in the most important sectors of the region.

Portfolio manager

Fernando X. Donayre
Fernando X. Donayre CFA, CPA is the Chief Investment Officer and founder of INCA Investments, a Latin American investment management firm based in Miami. Before founding INCA Investments in 2004, he was employed by Zephyr Management, L.P. from 1996 through 2003. At Zephyr he was the sole portfolio manager for the Zephyr Latin America Fund since its inception in 1997 which he continues to manage via INCA Investments’ subadvisory role. From 1994 through 1996, Mr. Donayre was the Director of Research at Globalvest Management. From 1988 to 1994 he was in charge of international and emerging market equity investments for the Investments Department of FPL Group.